trading date: January 30, 2017 –
Wednesday the market surged to a record high and on Thursday and Friday it took a breather.
Asset Managers are likely to wait for the FOMC statement this week before they buy.
Earnings season is in high gear and the early results are good.
Support will lie at friday’s low at $228.76, followed by $228.51 and then $226.27.
Resistance will lie at friday’s high at $229.59, followed by the new all-time high at $229.71.